Dubai-based developer Nakheel plans to capitalise on the global downturn in property markets by acquiring further real estate assets overseas.

Nakheel has plans to build a new Waterfront City in Dubai which will form the springing off point for a waterfront of 1.4 billion square feet. When completed, the city will be home to 92,000 people with another 310,000 people coming into the city to work.

The Palm Jumeirah has been developed into a high end real estate island, with over 2,000 families on the island and 2,500 apartment units already available for purchase. Nakheel has further expansion planned for the island, which is why getting the final Shoreline Apartments out of the way was a priority.

Nakheel has brought another developer on board to help turn The World into one of the most iconic destinations on the planet.

Nakheel is developing Port Rashid in Dubai. They have been negotiating with many local companies for a marine works package.

Dubai property developer Nakheel has had their Nova Island purchased by a Singapore based firm. At the same time, they have big plans for addressing the problem of a lack of supply in Dubai for low-cost housing.

The tallest building in the world is currently located in Dubai. That building might be dethroned however, by another building located in Dubai.

There is good news for property investors and bad news for property stock investors from the Emirate of Dubai as Nakheel expands into Australia.